Trendlyne Marketwatch    
14 May 2021, 03:48PM
Markets close lower, PowerGrid Infra Invit lists at a 4% premium

Nifty 50 closed at 14683.85 (-12.7, -0.1%) , BSE Sensex closed at 48732.55 (41.8, 0.1%) while the broader Nifty 500 closed at 12476.60 (-61.4, -0.5%)

Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.

  • Cyient, Bajaj Holdings & Investment, Schaeffler India, and Aavas Financiers are trading with higher delivery volume compared to the previous day.

  • ICICI Securities maintains a 'Buy' rating on Sonata Software expecting a revival in non-essential retail and manufacturing which will further boost revenue growth. The brokerage's target price is at an upside of 17.7%.

  • TCNS Clothing, and Mas Financial Services are trading in the green with 20 and 11 times the weekly average trading volume respectively. 

  • Happiest Minds' Q4 net profit declines nearly 17% QoQ to Rs 37 crore due to an increase in expenses by 17.8% QoQ.

  • Indian Energy Exchange's revenues rise by 35% to Rs 93.8 crore YoY in Q4FY21 due to a 63% increase in the volume of power traded to 22.4 billion units.

  • Motilal Oswal maintains a 'Buy' rating on Granules India on the back of the pharma company's strong performance in the formulations and intermediates division in Q4.

  • Cipla, Dr. Reddy's Laboratories and SKF India are trading higher whereas Just Dial, Larsen & Toubro, and Jindal Stainless are trading lower ahead of their Q4FY21 results later today.

  • Pharmaceutical company Lupin reports a total income of Rs 3,783 crore in Q4FY21, a 2% decline YoY, with net profits of Rs 460 crore, an 18% YoY jump.

  • PowerGrid Infrastructure Investment Trust lists at Rs 104 per share, a 4% premium to the IPO issue price of Rs 100 per share.

  • Maharashtra Seamless' promoters sell 80,000 shares (0.11% of the company) worth Rs 2.4 crore via an insider trade. Earlier this month, L&T Mutual Fund sold 14 lakh shares or 2.1% of the company.

  • Jindal Steel & Power reports a 34% jump YoY in revenue for Q4FY21 at Rs 11,900 crore with net profits up by nearly 23 times to Rs 1,900 crore due to rising steel prices and a 27% growth YoY in exports.

  • Motilal Oswal upgrades its rating on Godrej Consumer Products to 'Buy' from 'Hold' following the appointment of Sudhir Sitapati as the managing director of the FMCG company.

  • UPL’s Q4 net profit rises 73.5% YoY to Rs 1,361 crore with revenues rising by 15% YoY to Rs 12,796 crore.

  • Nifty 50 was trading at 14663.35 (-33.2, -0.2%) , BSE Sensex was trading at 48656.98 (-33.8, -0.1%) while the broader Nifty 500 was trading at 12504.65 (-33.3, -0.3%)

  • Market breadth is in the green. Of the 1662 stocks traded today, 886 were on the uptrend, and 728 went down.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2773.60, 8.50%), UPL Ltd. (743.55, 7.50%) and ITC Ltd. (212.35, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1192.00, -9.25%), Jindal Steel & Power Ltd. (417.15, -8.64%) and NMDC Ltd. (185.70, -8.50%).

Volume Rockets

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Omaxe Ltd. (83.80, 13.63%), Welspun India Ltd. (101.25, 10.96%) and Asian Paints Ltd. (2773.60, 8.50%).

Top high volume losers on BSE were Jindal Steel & Power Ltd. (417.15, -8.64%), Vinati Organics Ltd. (1677.80, -4.73%) and Honeywell Automation India Ltd. (42000.00, -4.49%).

TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1054.00, 1.06%) and Chambal Fertilisers & Chemicals Ltd. (270.25, 5.69%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).

Trendlyne Marketwatch    
14 May 2021, 03:46PM

Nifty 50 closed at 14683.85 (-12.7, -0.1%) , BSE Sensex closed at 48732.55 (41.8, 0.1%) while the broader Nifty 500 closed at 12476.60 (-61.4, -0.5%)

Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2773.60, 8.50%), UPL Ltd. (743.55, 7.50%) and ITC Ltd. (212.35, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1192.00, -9.25%), Jindal Steel & Power Ltd. (417.15, -8.64%) and NMDC Ltd. (185.70, -8.50%).

Volume Rockets

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Omaxe Ltd. (83.80, 13.63%), Welspun India Ltd. (101.25, 10.96%) and Asian Paints Ltd. (2773.60, 8.50%).

Top high volume losers on BSE were Jindal Steel & Power Ltd. (417.15, -8.64%), Vinati Organics Ltd. (1677.80, -4.73%) and Honeywell Automation India Ltd. (42000.00, -4.49%).

TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1054.00, 1.06%) and Chambal Fertilisers & Chemicals Ltd. (270.25, 5.69%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).

The Baseline    
14 May 2021, 09:15AM
Five Interesting Stocks Today
  1. UPL: This chemicals company, which has been historically at a low average PE compared to its peers, has been rising steadily through the year and hit a fresh 52 week high today after a strong performance in its Q4 results. The company's year returns have outperformed the Nifty by over 37%. 

  2. Coforge: This tech company's promoter has sold off 1.9 million shares in the company via a market sale, amounting to 3.14% of traded shares. It saw its share price rise sharply over the past week on high volumes following its Q4 results, however analysts see limited upside on the stock owing to its already sky-high valuations.

  3. Vedanta: This metals company has seen its share price gain at a steady clip as metals prices recover globally, and the stock hit a fresh year high in the past week. The company reported a sharp jump in  both YoY and QoQ net profit growth in its Q4 results (see stocks with similar performance).  While mutual funds have been reducing their holdings in the stock, FIIs/FPIs have increased their stake

  4. Persistent Systems: This product engineering company has got analysts across brokerages enthusiastic after its Q4 results, receiving six target price upgrades in the past couple of weeks. Analysts have cited improving deal wins, and strong Q4 growth despite seasonality in some verticals. 

  5. Castrol India: This oil lubricant company's stock has had a tough year, underperforming the Nifty by over 50%, and seeing a profit decline in CY20 due to Covid19 disruptions and the decline in auto demand. The stock is in the Buy Zone compared to both its historical PE and PBV. Analysts are however positive on the stock citing its wide distribution network and brand - but with the second wave, the company is likely to see ups and downs continue in the short term. 

 
The Baseline    
13 May 2021
Chart of the week - Tata Motors' retail sales rise in FY21

Automobile makers had a tough year. In FY21, 23 lakh passenger vehicles (PVs) were sold at a retail level, a 14% decline YoY. The country's largest carmaker Maruti Suzuki India (48% market share) sold 1.7 lakh fewer cars than the previous year. Mahindra & Mahindra sold 85,000 fewer cars in FY21 than FY20. Tata Motors and Kia Motors were the only PV makers to sell more cars in FY21 than the previous year among the top-10 carmakers in the country.

The Baseline    
11 May 2021
Five Interesting Stocks Today
  1. SBI Life Insurance Company: This life insurance company’s promoter Ca Emerald Investments cut its stake by 4.2% selling 4.2 crore shares. This share sale invited a host of foreign institutional investors (FIIs), domestic institutional investors (DIIs), and sovereign wealth funds. Among the top buyers - Axis Mutual Fund, HDFC Life Insurance Company, the Government of Singapore, Societe Generale, and the Vanguard Fund.

  2. Caplin Point Laboratories: This pharmaceutical company’s stock is up by nearly 30% in one month and is 8% off its 52-week high. Its valuations remain cheap as the company’s trailing 12-month price to earnings ratio is 18.2, below the average historical PE of 27.9 times, putting it in the neutral zone.

  3. Happiest Minds Technologies: This IT services stock is buzzing ahead of its Q4 results. In one week, the share is up by 14%. The Q4 results will be declared on 13 May.

  4. Deepak Nitrite: This commodity chemicals company reported a 39% growth YoY in revenues and a 68% jump in net profits. However, some brokers are not convinced. In a report post the Q4 earnings, HDFC Securities downgraded its rating on the company to ‘Sell’ from ‘Add’ expecting no further growth in phenolic production and declining prices of isopropyl alcohol, a chemical used to produce sanitizers. The brokerage’s target price is at a downside of 14% against the market price.

  5. Indian Energy Exchange: Foreign institutional investors (FIIs) are accumulating this power trading company’s stock, while domestic institutional investors (DIIs) are exiting. At the close of the March 2021 quarter, FIIs held a 37% stake in the company, against 29% in the previous quarter. On the other hand, DIIs sold 1.3 crore shares decreasing their holding in the company by 22% QoQ in Q4.

1 Comment
sona11 Why is then Trendlyne valuation score is in red for Caplin?
12 May 2021  Like